The Binance lending is very simple to use and allows you to easily lend bitcoin, ethereum, EOS and other popular coins to traders for margin trading. This option is fairly safe as it’s impossible for the traders to lose the money if you understand how margin trading works. Aug 29, · The various cryptocurrencies you can use to trade are displayed on the right side of the screen. Pick the currency of your choice. To make things easier, you should pick the coin in which your account is funded. The trading options include BTC, ETH, BNB or USDT. May 28, · Enter your Binance Bitcoin wallet address at the broker’s receiving address while purchasing Bitcoin. Complete the payment with a payment method of your choice. The broker will send your Bitcoin directly to Binance and this can take up to 2 hours. You will receive a notification email when your deposit has successfully arrived at crypmoney.des: 2.
How to trade ethereum to bitcoin on binanceHow To Trade Ethereum With Leverage on Binance Futures | CoinCodex
Binance is one of the worlds biggest and most popular crypto coin exchanges and after reading this article you might understand why.
Binance offers a number of easy ways to earn bitcoin online, including coin staking, coin lending and a referral program where you can earn a life time commission on all the trades your referrals do. There are 3 ways to earn bitcoin on Binance. Lending bitcoin — Lend money into the Binance system for margin trading.
Staking coins — Hold coins in your wallet and get paid POS mining rewards. Instead of continuously monitoring the markets all the time to sell it when it hits the desired target - you could automate it using this process. Moreover, you can set multiple targets too. Limit Order is quite a handy tool for investors who wish to automate their sales and invest smartly. The second way in which you can sell your cryptocurrencies on Binance is by making use of a Stop-Limit Order.
Let us take a closer look at what a stop-limit order is - as well as how to place a stop-limit order on Binance. It is the exact reverse of what a limit order is. A limit order is usually placed when an investor is confident that the price of their cryptocurrency is going to grow.
However, a stop-limit order is placed when an investor is unsure about the future and does not want to incur a loss. Now here is where the situation gets a little different from a regular limit order. The Stop is basically the condition that is to be met. The Limit is the price at which an order would be placed after the Stop has been hit. Amount stands for the amount of cryptocurrencies that you want to sell off.
However, you feel uncertain about the markets and the risks involved. Going by how unstable the cryptocurrency market has proven to be over the past few months, it is highly advisable to learn how to place a stop-limit order on Binance. Let us now take a closer look at some of the most commonly asked questions when it comes to the Binance cryptocurrency exchange. Yes, the Binance exchange does have a desktop client - which can be downloaded from here for Windows.
Earlier, the application is only available for Windows users was available. This Binance app for PC can be used to make trades as well as observe price movements quickly. The company launched this application in the November of after three months of testing.
As of now, the Binance PC client for Mac can be downloaded from here. Yes, the Binance cryptocurrency exchange does have an Android app which can be downloaded from the Google Play Store. The app allows the users to easily trade on Binance using their Android smartphone and provides a safe environment for trading on-the-go.
It makes it easier for people who are away from their PC to quickly access their Binance account and check their balances as well as make trades easily.
Yes, the Binance cryptocurrency exchange does have an iOS app which can be downloaded from the Safari Web Browser by visiting this link from iPhone.
The app allows the users to easily trade on Binance using their iOS smartphone and provides a safe environment for trading on-the-go. It makes it easier for people who are away from their PC to easily access their Binance account and check their balances as well as make trades easily. Binance is primarily a cryptocurrency exchange which also provides cryptocurrency wallet services. Any time you receive a cryptocurrency in Binance, you have it sent on your Binance wallet address. Each cryptocurrency on Binance has a unique wallet address for every user.
While sending cryptocurrencies to your Binance wallet - always double check if you are sending it to the right wallet address - and for the right cryptocurrency! Yes, Binance is one of the safest platforms where you can keep your cryptocurrencies at. Hackers around the world have been targeting various cryptocurrency exchanges over the years, and Binance has been targeted in the past too.
However, the company has always shown high standards of security - in a recent attack; hackers actually ended up losing money! Binance and Coinbase are both among the most significant cryptocurrency exchanges in the world and users of both these platforms claim that their platform is the best. Many traders use both these platforms. Let us take a closer look at each of these platforms and try to understand the difference between Binance and Coinbase.
Coinbase is a platform which allows you to buy and sell cryptocurrencies in exchange for fiat money. Coinbase also owns a cryptocurrency exchange GDAX where it is possible to trade cryptocurrencies as well. Binance, on the other hand, has an entirely different purpose. While Coinbase is the entry point for traders to get hold of their cryptocurrencies, Binance is the place where they can trade their cryptocurrencies for other cryptocurrencies.
Binance offers a much bigger arsenal of cryptocurrencies to choose from than compared to Coinbase - as Binance offers over cryptocurrencies compared to the 4 that Coinbase has to offer.
To sum up, Binance is a platform for cryptocurrency trading while Coinbase is one used for purchasing cryptos against fiat. Yes, Binance has a referral program - similar to many other cryptocurrency exchanges.
This is an instant commission and is reflected in your account immediately. However, sometimes it might be a network-specific problem so you might also take help of tools such as DownDetector. The Binance cryptocurrency exchange is based in Hong Kong. However, over the past few months, a decision has been made to move the headquarters to the island nation of Malta. Binance cryptocurrency exchange offers their users with the best of security measures - it offers 2 Factor Authentication using the Google Authenticator as well as via Phone Numbers.
The platform also asks you to set up various security questions which you need to answer in case you want to regain access to your lost account.
Moreover, the Binance platform has proven to be quite safe in the past - foiling various attempts by hackers to steal cryptocurrencies - with the hackers ending up losing money in their most recent attack.
Binance also has a hacker bounty program. BNB is the proprietary cryptocurrency token of Binance. The company launched this token in Mid-July, and it is used by Binance for two purposes - primarily, customers of the exchange make use of the BNB Coin to get a discount on fees - if transaction fees is paid via BNB tokens, it is lesser than what the usual fees would be.
For Binance, healthy circulation and rise in demand of the BNB Coin would mean that they keep raising funds round the year. Moreover, their capital grows with the price of the BNB Coin growing. It is basically a win-win situation for the company as well as the traders. Binance does not charge you anything when it comes to depositing your currencies to Binance.
However, Binance will not charge you any fees when it comes to deposits. The Binance Cryptocurrency Exchange charges a flat trading fee of 0. This fee is 0. This is why the Binance Coin tokens are so crucial as they help reduce these fees that are levied upon trading - particularly useful for frequent traders.
The Withdrawal Fees on the Binance cryptocurrency exchange is not fixed - it keeps on changing based on the market fluctuations as well as the network congestion, etc. There are a number of factors that influence the withdrawal fees. As of the latest standards, Binance charges a withdrawal fee of 0. However, this number may go up or down depending upon the blockchain conditions. You can keep track of the Binance Withdrawal Fees by visiting this link. One of the most critical things that any cryptocurrency organization, particularly a cryptocurrency exchange needs is a proper support system so that users who are facing a problem can quickly get in touch with the company and get it sorted.
Binance has a strong support team which is available round the clock to help their users. Users can easily send their request to Binance using this page , and the exchange promises to get back as soon as possible.
Now that you have all the details about the Binance cryptocurrency exchange - as well as how to deposit funds, make trades, automate trades and withdraw funds, let us now give Binance one final review - and take a look at the pros and cons of this cryptocurrency exchange. The Binance cryptocurrency exchange is user-friendly and easy to use for first-time users.
It offers a simple layout which everyone can understand with relative ease. A major advantage of the Binance exchange is that the platform does not charge a hefty fee. In addition to these points, Binance also has a good support team which has a very good turnaround time.
Binance offers a much wider variety of cryptocurrencies than compared to most other cryptocurrency exchanges. While some leading names offer as less as 5 to 6 cryptocurrencies - there are others which offer 50 to 60 cryptos to trade from.
However, Binance offers the biggest collection of cryptocurrencies to choose from and trade - as it offers over cryptocurrency tokens with new names added on a very frequent basis.
While Binance is one of the biggest cryptocurrency exchanges with a large number of benefits to offer - the platform also has some major drawbacks. Let us take a look at some cons of using the Binance platform. The biggest drawback of the Binance platform is that it does not offer a fiat trading system.
Users can use this platform only for the purpose of altcoin trading, and it is not possible to sell currencies directly for cash or to deposit coins in exchange for cash on Binance.
Users have to make use of other platforms such as Coinbase to deposit or withdraw fiat money. The second major issue that Binance customers tend to face is that there is no on-call support for Binance users. While many see this is as a drawback - this is where the tech industry at large is moving. As a platform, Binance will soon complete a full year in the markets. Yes, we explain in this tutorial everything step by step.
So you only have to replicate the steps shown in our guide. Everybody can do it, if you don't get it, please contact us. Gary Sheppard 26 September When withdrawing from Binance to another wallet it asks if I want to save the address. After submitting it says the following please enter non-special characters within digits what does this mean? This means that you may only use letters for your address name between digits.
Your email address will not be published. How To Trade At Binance? Important Warning There are a lot of phishing sites online that replicate the Binance website and try to steal your funds. The discount can be combined with the BNB discount. On Going Offer.
What is Binance? No, it is not required to do a verification. Only if you want to trade up to 2 BTC a day. Blog Mt. Gox hack. Blog How to stake Ethereum?